Prof. Daniel Greenwood in the Los Angeles Times

EXCERPT:
Hofstra University law professor Daniel Greenwood, one of a handful of professors helping Reshef shape the curriculum and structure, equated the idea to an academic version of Wikipedia, with the correct answer reached as a group rather than with one person providing the information.

To be admitted, students must have a high school diploma, access to the Internet and fluency in English. Instead of tuition, they would pay nominal fees for enrollment — from $15 to $50 — and exams — from $10 to $100 — with students from poorer countries paying the lower amounts.

Reshef anticipates opening in September with 300 students, to be admitted on a first-come, first-served basis. Initially, the university plans to offer only bachelor’s degrees in business administration and computer science. He expects to apply for accreditation as soon as possible, he said.

Once the university has 10,000 students, it will be self-sustaining, he said. Until then, it needs $5 million to get started, $1 million of which Reshef said he is putting up himself. The rest will be raised.